R. Kelly’s trial for criminal conspiracy and sex trafficking charges began last week. But there’s another issue that’s plaguing the troubled singer. According to Billboard, he’s on a mission to sell off his song catalog. He’s willing to “sell low” and hand off the catalog for anyone who’s willing to purchase it. The issue is that no one so far has stepped forward to buy it.
Earlier this month, R. Kelly’s lawyer Devereaux Cannick revealed that the singer is extremely short on cash, saying that his funds are “depleted.” Billboard estimates his catalog generates somewhere around $1.7 million per year, and while that might be a livable amount to some, a small portion of that amount actually falls into Kelly’s hands. Tack on his ongoing legal battles and the recent ones he’s lost, including a case that resulted in a woman winning $4 million after she sued him for sexually abusing her when she was 16, it’s clear to see why Kelly is in need of some cash.
However, it doesn’t seem like the price of his catalog won’t stop dropping anytime soon. The singer still has federal cases in New York and Illinois as well as state trials in Illinois and Minnesota, all of which could cause further damage to the catalog’s price.
